000			01428nam a22002537a 4500
003			ZW-GwMSU
005			20240509132358.0
008			240509b |||||||| |||| 00| 0 eng d
022			_a10168737
040			_aMSU _bEnglish _cMSU _erda
050			_aHB1A1 INT
100	1		_aDekle, Robert _eauthor
245	1	0	_aThe real exchange rate and the structural transformation (s) of China and the US _ccreated by R Dekle and M Ungor
264	1		_aAbingdon: _bTaylor and Francis, _c2013
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aInternational economic journal _vVolume 27, number 2
520	3		_aFrom 1989 to 2010, the RMB–dollar real exchange rate depreciated, despite China's rapid income growth relative to the US. We develop a macroeconomic-trade model of the very long-run equilibrium RMB-dollar real exchange rate. We show that this long-run depreciation of the RMB-dollar real exchange rate can be justified by our model, if we note that Chinese agriculture has relatively low productivity and that agriculture is tradeable. Relative to our equilibrium benchmark, the current real RMB-dollar rate is, if anything, over appreciated.
650			_aReal exchange rate _vAgriculture _xExchange rates _zUnited States, China
700	1		_aMurat, Ungor _eco-author
856			_uhttps://doi.org/10.1080/10168737.2013.799900
942			_2lcc _cJA
999			_c165391 _d165391